2022-03-31-accounts - Alacrity Foundation

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Trustees'	annual report (incorporating			the	director's	report)
Independent auditor's		report to	the members
Statement	of Rnancial	actvities	(including		income and expenditure		account)
Statement	of financial	position						12
Statement	ofcash flows							13
Notes to	the financial	statements						14

Reference	and administrative d	and administrative d	etails
Registered	charity name		Alacrity Foundation
Charity registration		number	1140916
Company	registration	number	07554557
Principal office and registered			Alacnty House
office			Moderator Wharf
			Kingsway
			Newport
			NP20 1HG
The trustees			Prof S3 Gibson CBE
			Dr D E Evans-Williams
			Prof H M Lappin-Scott
			Ms M D Evans
Company	secretary		Mr M Colcomb
Auditor			Kilsby 8i Williams	LLP
			Chartered accountants		it statutory	auditor
			Cedar House
			Hazeg Drive
			Newport
			NP10 8FY

STATEMENT OF FI 31March 2022	NANCIAL POSITION
			2022	2021
		Note	E
FIXEDASSETS
Tangible fixed assets		16	50,177	29,249
faixed motive investments		17	156,724	111,903
			206,901	141,152
CURRENT ASSETS
Debtors		18	641,471	252,689
Cash at bank and in hand			494,194	694,379
			1,135,665	947,068
CREDITORS: amounts	falling due within one year	19	(291,594)	(297,631)
NET CURRENT ASSETS			844,071	649,437
TOTAL ASSETS LESSCURRENT LIABILITIES			1,050,972	790,589
NET ASSETS			1,050,972	790,589
FUNDS OF THE CHARITY
Unrestricted funds			1,050,972	790,589
Total charity funds		21	1,050,972	790,589

STATEMENT OF CASH FLOWS Year ended 31March 2022
	2022	2021
	f.	6
CASH FLOWS FROM OPERATING ACTIVmES
Net income/(expenditure)	260,383	(109,501)
Adjustments for:
Depredation oftangible fixed assets	9,680	3,868
Net losses on investments	179	53,097
Other interest receivable and similar income	(20)	(24)
Loss on disposal of heritage assets		476
Accrued income	(427,338)	(284,121)
Changesin:
Trade and other debtors	(782)	(451)
Trade and other creditors	(11,699)	(218,714)
Cash generated from operations	(169,597)	(555,370)
Interest received	20	24
Net cash used in operating activities	(169,577)	(555,346)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets	(30,608)	(28,014)
Net cash used in investing activities	(30,608)	(28,014)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(200,185)	(583,360)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	694,379	1,277,739
CASH AND CASH EQUIVALENTS AT END OF YEAR	494,194	694,379

S.	DONATIO	NS AND LEGACIE	S
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022	Funds	2021
				I	6	f	6
	DONATIONS
	Donations			882,544	882,544	882,500	882,500
	Donations	—Alacrity Cyber		500,000	500,000	233,333	233.333
	Donations	—DCAR Monmouth		170,143	170,143
	Donations	- Grow Digital		16,000	16,000
	Donations	- 12I		25,000	25,000
				1,593,687	1,593,687	1,115,833	1,115,833
6.	CNARITABLE ACTIVITIES
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds F	2022 E	Funds I	2021 6
	Other income from charitable		activities	45,000	45,000	30,000	30,000
7.	INVESTMENT INCOME
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds I	2022 E	Funds f	2021 I
	Bank interest receivable			20	20	2'l	24

EXPENDITU	RE	ON CHARITABLE ACTIVITIES BYFU	ND TYPE
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds 1	2022 E	Funds I	2021 I
Direct costs		986,169	986,169	904,179	904,179
Support costs		391,975	391,975	298,082	298,082
		1,378,144	1,378,144	1,202,261	1,202,261
EXPENDITU	RE	ON CHARITABLE ACTIVITIES BYACTIVITY TYPE
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2022	2021
		E	E	E	E
Direct costs		986,169	387,679	1,373,848	1,197,960
Governance	costs		4,296	4,296	4,301
		986,169	391,975	1,378,144	1,202,261
ANALYSIS	OF	SUPPORT COSTS
				Total 2022	Total 2021
				E	E
Staff costs				205,139	172,559
Premises				53,401	42,894
Communications		and IT		79,463	27,733
General office				23,057	36,212
Legal and professional				17,911	13,577
Motor and travel				3.323	762
De preciabon				9,681	3,868
(Profit)/Loss	on	disposal of fixed assets			476
				391,975	298,081

								2022	2021
								E	E
Fees	payable	for	the	audit	ofthe	financial	statements	4,300	4,300

STAFF COSTS
The total staff costs and employee	benefits for the reporting	period are analysed	as follows:
			2022	2021
			E	E
Wages and salaries		357,235		336,823
Social security costs			32,677	29,760
		389,912		366,583

ime equ	ival	ent	employees during the year is analysed	as follows:
				2022		2021
				No.		No.
Number	of	staff	- management		4	4
Number	of	staff	—administrative		2	2
					6	6

The number of employees	for the year fell within the following	bands,	were:
	2022		2021
	No.		No.
660,000 to 669,999		I		1
690,000 to 699,999		I		1
		2		2

19.	CREDITORS: amount	s falling due within one yea	r
			2022	2021
			E	E
	Trade creditors Accruals and deferred	income	279,793	13,251 274,131
	Social security and other taxes		11,801	10,249
			291,594	297,631
20.	DEFERRED INCOME
			2022	2021
			6	E
	At 1 April 2021 Amount released to income		266,667 (266,667)	500,000 (233,333)
	Amount deferred in year		266,667
	At 31March 2022		266,667	266,667

					Unrestricted	Total Funds
					Funds	2022
					E	E
	Tangible	fixed assets			50,177	50,177
	Investments				156,724	156,724
	Current	assets			1,135,665	1,135,665
	Creditors	less than	1year		(291,594)	(291,594)
	Net assets				1,050,972	1,050,972
					Unrestricted	Total Funds
					Funds	2021
					E	E
	Tangible	fixed assets			29,249	29,249
	Investments				111,903	111,903
	Current	assets			947,068	947,068
	Creditors	less than	1year		(297,631)	(297,631)
	Net assets				790,589	790,589
23.	ANALYSIS OF CHANGES IN NET DEBT
				At 1		At 31
				Apr 2021 E	Cash flows E	Mar 2022 I
	Cash at	bank and	in hand	694,379	(200,185)	494,194